[Resolved]  IDBI Bank Home Loan — Home Loan not disbursed

IDBI Bank/ HOME LOAN — Loan Not Disbursed

I applied for home loan and it is processed up to sanction level. Now they are not disbursing the amount saying the flat is out of city limits. Actually they knew that the house was not not in the city limits (Greater Vizag) when they started the process. Please help me to get this loan if possible or send me a written letter to my email address that the disbursal can not be considered mentioning the reason.

I agree, even I had tough time getting my disbursement from IDBI, they seem to be bery un professional.

I agree, even I had tough time getting my disbursement from IDBI, they seem to be bery un professional.

I agree, even I had tough time getting my disbursement from IDBI, they seem to be bery un professional.

I am facing similar issues currently. Running around for the past 30 days.they sanctioned it after i submitted initial documents. On that basis I paid the seller close to 4 lakhs and now they are coming back to say that there are issues with the verifications!! heights o[censored]nprofessionalism.

Check this out...



Upholding the orders of the UT Consumer Disputes Redressal Forum, the UT Consumer Commission has directed the Corporation Bank, Sector 8, to pay Rs 1, 26, 125 as compensation towards interest for not disbursing a sanctioned loan.



In her complaint, Parveen Kumari stated that she was allotted a share in the Haryana State Industrial Development Corporation and Department of Industries (SIDCO) Society at IMT Manesar (Gurgaon). Consequently, she applied for a housing loan of Rs 10 lakh in August 2006. After completing all requisite formalities, a loan of Rs 9.8 lakh was sanctioned at a fixed rate of 8.5 per cent repayable in 15 years. According to the complainant, she also opened a bank account in the bank by depositing Rs 500, which was a pre-condition for the purpose of sanctioning the loan.



When the complainant asked the bank to release an instalment of Rs 3.25 lakh, which was payable by January 31, 2007, the former informed her that the loan had been declared null and void as it was valid only for three months from the date of sanctioning.





Left with no alternative, Kumari obtained another loan from the State Bank of India at a floating rate of 9.25 per cent interest along with the process fee. Consequently, she had to suffer a net loss of Rs 1, 16, 125 on account of excess interest and process fee for 15 years.



Denying any deficiency in services, the Corporation Bank contended that as Kumari failed to avail the loan within the stipulated period, the loan facility had been correctly cancelled. The bank added that a notice had been issued to the complainant to complete the requisite formalities, through the nodal officers, but she failed to do so.

I applied for home loan and it is processed up to sanction level. Now they are not disbursing the amount saying that the signature is mismatching.Being a senior citizen my mother signature sometimes varies. As discussed with them I went in the bank with my mother.But they are completely dening that still the signature of my mother is mismatching.I spoke to Manager (Mr Bagchi) if it is not possible to disburse the ammount then return my processing fees which I have paid.They told me that the ammount will reach my residential address by courier.Still now I am waiting.Please help me to get this ammount if possible or send me a written letter to my email address.The details are given below.

Bank Name: IDBI Bank
Address: Retail Asset Cettre - Kolkata, 17, Brabroune Road, Mookherjee House, 3rd Floor, Kolkata 700001
Sanction Date :Jun'01, 2007, Kolkata
Sanctioned Ammount :Rs. 6, 80, 000/-
Sanctioned ID : IDBI/CPA/64/05/DST
Processing Fees: Rs. 3, 900/-

REDEMPTION OF IDBI FLEXI BONDS 22 REGARDING

Sir, I want to know my present status of my IDBI flexibond 22- IDBI infra structure (tax saving) bond (2005 A)